Stocks rallied around the globe as investors bet Ben Bernanke and the Fed will turn dovish this week. Is the market putting too much emphasis on the central bank? Steve Russolillo joins MoneyBeat.

This transcript has been automatically generated and may not be 100% accurate.

... Dow Jones Industrial Average and see right there all one hundred and sixty two points ... getting Monday off to a rallying on the stock ... investors are really the rally him around the globe it's not just here in New York ... investors are betting that Denver Nanking the Fed will turn dovish this week ... the Fed meeting a lot of talk around it ... is the market putting too much emphasis on the central bank ... my compatriot Steve Russolillo on the MoneyBeat blogged an often on the MoneyBeat show ... that in itself but I doubt people will go on right side of the bed this morning ... the little is in the sky like ... you know Friday last week ... what is taken into gas Noble walk this morning you woke up an apple and said this meeting Monday when the alerted me to read at the meetings Wednesday they said don't worry about it by right I mean I really seems just so the stock ... today today yes all day ... again all a lot of the choppiness that we've seen in the markets especially the overseas markets have been around what is that they're going to do ... away with me but future that the Fed meetings throughout the rest of the year is a lot of good morning of with the Fed to pull back on quantitative easing program is the stimulus to start slowing ... now facing a big rally in a lot of chatter on the market is well ... maybe the Fed will do that at some point this year but they're not been selected one meeting so right so that sort of look that the lines that is right now so most of the situation where ... if the Fed does surprise by any stretch imagination on Wednesday ... that could really told markets that seems like people CEOs you already know what's going happen ... but on the other hand if they don't if it's a sort of status quo mangoes as of one expected ... he might not see much of the US is millet is all really short-term stop work on this morning ... and for a lot of traders and be on the market a lot for timers now ... that's all they care about when you're in your investing for the long term ... how much should you be putting on this one central bank meeting ... or in unison for probably not a lot ... I to get here testing for the long tenure really looking at the piece of economic growth ... in looking in the pace of earnings growth ... and in some bigger trends that that that that the Fed is looking at ... but not to put it this morning looking at you know from weeks and months or years ahead so actually wrote about this morning how ... stocks actually tend to do well in an environment that is actually raising rates as we look back at some of the previous decades and ... how the market to perform in stocks over two-year time frame after the Fed initially raises rates ... stocks tend to go up to average about sixteen percent rally over the UN's your time frame now ... there's one caviar which is already on its head out with a certain LG is that ... that that is not raising rates anytime soon and that that may be pulling back on stimulus but the Fed is still very far away from picking up three of them rock bottom lot in Sai this is to tap the US is the one I was the new was was the economy ... the company at the polling in you'll Julie and during those times when it's a sign that the economy that for the economy is improving ... for yes of course stocks will do well in the coming retirement ... use the economy improving that's the real question that the real question so if the Fed is going to start pulling back at some point that is a signal at least a vendor Nanking and some of the future Fed chairman is going to be that the pace of economic growth is actually ... picking up and that things are actually getting better if the Fed is not going to pull back on the signals were then it's going to continue ... with eighty five billion dollars monthly bond buying program ... that signals that ... the economy isn't really doing so well so ... that that sort of that that that was so it is going on right right Steve Russolillo saying yes isn't human